City trader sues UBS after rate-rigging conviction quashed
Source: BBC
A former trader who had his conviction quashed for "rigging" interest rates following a 10-year legal battle is suing his former employer UBS.Tom Hayes launched a legal claim for malicious prosecution against the Swiss banking giant, claiming he was the bank's "hand-picked scapegoat" in one of the biggest scandals of the 2008 financial crisis.In July, Mr Hayes had his conviction overturned by the Supreme Court…
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